Markets remain concerned about the prospect of recession in the US and geopolitical risks with China
What is clear is that we need to grow the economy so everyone benefits.
Soldiers may only be deployed once ordered by Ramaphosa, who has to inform parliament first
Nomusa Dube-Ncube, Amanda Bani and Mbali Frazer were interviewed for the position of premier on Saturday
Companies will do what they can to increase market share in what is considered to still be a largely untapped market
Potentially disastrous effects of free inflow of dumped chicken leave small farmers at risk
Transnet, Telkom and Eskom estimate that thieves and vandals cost them a total of R7bn a year due to metal theft
Cairo-mediated truce comes after three days of violence which left at least 43 people dead
Every time All Black coach Ian Foster fronts the media, he presents it with denial, not truth and honest appraisal
Comprehensive report shows one in eight people had lingering symptoms
MC Mining’s share price jumped 12% to R14 on Monday morning after it announced its R70m acquisition of two properties for its Makhado coal project.
Its share price has more than tripled since it announced the deal in November.
The group, formerly called Coal of Africa Limited, said the deal was conditional on approval from Limpopo’s regional land claims commissioner.
“The acquisition of Lukin and Salaita completes the suite of surface rights required for our flagship Makhado project and the initial tranche of the purchase price was settled using internal cash flows,” said MC Mining CEO David Brown.
“The transaction will facilitate the commencement of the final geotechnical drilling and related studies required for the siting of the mine’s infrastructure. In parallel, we continue to progress offtake negotiations for the balance of the Makhado coking and thermal coal as well as discussions with potential funders.”
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email email@example.com or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.